Itemizing follows completion of a enterprise mixture with Zanite Acquisition Corp. (“Zanite”) • The closing of the enterprise mixture generated $377 million of gross proceeds, which can be used to speed up the event, certification and commercialization of Eve’s complete UAM answer • Eve to ring the opening bell on the New York Inventory Alternate as we speak at 9:30 am ET Melbourne, Florida – Could 10, 2022
– Eve Holding, Inc. (“Eve” or the “Firm”) introduced as we speak that its widespread inventory and warrants will start buying and selling on the New York Inventory Alternate (“NYSE”) as we speak beneath the ticker symbols “EVEX” and “EVEXW”, respectively. Administration will take part in a gap bell ceremony on the NYSE as we speak in celebration of the general public itemizing, which follows the completion on Could 9, 2022, of a enterprise mixture between Zanite and EVE UAM, LLC, a pacesetter within the improvement of next-generation City Air Mobility (“UAM”) options and a subsidiary of Embraer S.A. (“Embraer”).
“At present, we have fun a historic milestone in a journey that we started practically 5 years in the past in EmbraerX, the market accelerator of Embraer, a pacesetter within the world aviation business,” mentioned André Stein, Co-CEO of Eve. “This transaction is a key enabler of our mission to turn out to be a number one participant in a possible $760 billion UAM addressable market, and we thank your complete crew at Eve and Embraer for all of their laborious work, and our companions at Zanite in addition to our different traders for his or her assist,” he mentioned. Eve has created a complete, sensible and capital-efficient UAM answer spanning electrical vertical take-off and touchdown (eVTOL) automobile design and manufacturing, service and assist, fleet operations and concrete air visitors administration (UATM).
“We imagine Eve is uniquely positioned to develop, certify and commercialize our UAM options on a worldwide scale,” mentioned Jerry DeMuro, Co-CEO of Eve. “Our pipeline of launch orders for 1,825 automobiles secured by way of non-binding letters of intent from 19 clients consists of business leaders who additionally invested in Eve, together with Azorra Aviation, Falko Regional Plane, Republic Airways and SkyWest, and supplies highly effective validation of our enterprise technique and imaginative and prescient.”
“We imagine within the nice potential of the worldwide UAM market and Eve is well-positioned to be a worldwide chief by delivering an efficient and sustainable new mode of city transportation”, mentioned Francisco Gomes Neto, President and CEO of Embraer.
“We’re totally dedicated to Eve, which performs a key function in our progress technique pushed by innovation and enterprise effectivity.” Eve’s strategic partnership with Embraer is a key aggressive benefit. The partnership features a royalty-free license to Embraer’s background IP for use inside the UAM market in addition to entry to hundreds of expert Embraer staff on a versatile, first precedence foundation and use of Embraer’s world infrastructure, pursuant to the phrases of sure providers agreements between Embraer and Eve. The strategic alignment with Embraer additionally supplies Eve with vital price and execution benefits because it seeks to scale its UAM answer globally. “
The Zanite crew is happy to be a part of Eve’s spectacular journey,” mentioned Kenn Ricci, a director of Eve and Principal of Directional Aviation Capital, a former member of Zanite’s sponsor. “We stay up for our continued partnership with Eve, the place we’ll proceed to leverage our in depth expertise within the aviation sector to assist Eve because it continues to increase its footprint within the world eVTOL market.”
Eve is devoted to accelerating the UAM ecosystem. Benefitting from a startup mindset, backed by Embraer’s greater than 50-year historical past of aerospace experience, and with a singular focus, Eve is taking a holistic method to progressing the UAM ecosystem, with a complicated eVTOL venture, a complete world providers and assist community and a novel air visitors administration answer.
For extra data, please go to www.eveairmobility.com
Zanite was shaped as a particular objective acquisition firm to give attention to the aviation sector. Zanite’s sponsor is managed by Kenneth C. Ricci, Principal of Directional Aviation Capital, and Steven H. Rosen, Co-Founder and Co-Chief Govt Officer of Resilience Capital Companions. For extra data, please go to www.zaniteacquisition.com. About Embraer A worldwide aerospace firm headquartered in Brazil, Embraer (NYSE: ERJ) has companies in Industrial and Govt aviation, Protection & Safety and Agricultural Aviation. The corporate designs, develops, manufactures and markets plane and techniques, offering Companies & Help to clients after-sales. Because it was based in 1969, Embraer has delivered greater than 8,000 plane. On common, about each 10 seconds an plane manufactured by Embraer takes off someplace on this planet, transporting over 145 million passengers a yr. Embraer is the main producer of business jets as much as 150 seats and the primary exporter of excessive value-added items in Brazil. The corporate maintains industrial items, workplaces, service and components distribution facilities, amongst different actions, throughout the Americas, Africa, Asia and Europe.
For extra data, please go to www.embraer.com